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. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total
energy markets. the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government says that the -- 6.6% of current u.s. consumption. >> why would prices move that dramatically at all? wouldn't they just come down globally? >> the average, our $16 goes to $4. it costs $7 to get stuff from the united states. >> you should argue that they should go down because they went be the only one. dominion has brooi
'm standing here going down to the holiday party at the white house. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort ind
at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank you very much, sharon epperson. we've got a little extra from jamie dimon. but before we get to that -- >> a quick talker on urban outfitters. this morning "usa today" had their new holiday catalog which features a bunch of profane products. there is, for instance, a photo album that says -- basically uses the "f" bomb, drops the "f" bomb and said it was blanking awesome. a candle that spellings ospells out the "f" worth in black. and let's reminisce. a lot of discussion -- one marketing expert said it's brilliant, explosive, short-term marketing that generates buzz. it's t
the latest in energies and metals. >> let's start with the metals market. that's where we're seeing significant gains, particularly in copper, after that positive data out of china. industrial production definitely better than expected. if you look at the factory order data, that was the highest output in november we've seen in about eight months' time. copper leading the gap ining th because of the chinese imports of copper. that was significant for that data. we're also looking at the oil import data coming out of china, the third highest on record. supporting oil prices. we're off of the highs for the session of crude oil but still looking at higher prices for brent and wti contract. but the biggest mover in the energy space today, definitely natural gas. because it's 60-degrees-plus in december today. possibly we'll see an injection to storage even though, yes, it is the month of december. that is the reason why traders are selling that gas right now. back to you. >> all right. thanks very much, sharon epperson. perhaps the largest dollar deal of the day, it is not a merger mond
happening. cheap to build things here. it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to china. not necessarily entirely the case. >> a lot of manufacturing jobs require a certain amount of math skill now that was not required 20 or 30 years ago. unfortunately we hear time and again from chief executives, they have hard time filling those fairly high level manufacturing jobs, high skill required manufacturing jobs. >> this is what ceo of general electric stressed in the jobs council for the president, listen up, mr. president. junior colleges is where you can make a difference. >> vocational skills. >> i don't feel it's -- look, washington is focused on
Search Results 0 to 5 of about 6